Metro Motors Files a Financing Statement Giving Notice to the Public

question 50

Multiple Choice

Metro Motors files a financing statement giving notice to the public that it has a secured interest in collateral belonging to Nate's Limousine Service, which is the debtor named in the statement. A uniform financing statement used in all states is​

• A) ​the UCC Financing Statement.
• B) ​the UCC Collateral Form.
• C) ​Form UCC-2.
• D) ​none of the choices.

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Definitions:

Standard & Poor's

A US financial services company known for its stock market indices like the S&P 500, as well as providing credit ratings for borrowers.

Nominal Return

The rate of return on an investment without adjusting for inflation.

Yielding

The income produced by an investment, typically expressed as a percentage of the investment's cost.

Canada Bonds

Bonds issued by the Canadian government, offering a low-risk investment option with fixed interest payments.